Archive snapshot · Launchpad
Tue, Aug 25, 7:17 AM ET
Bitcoin tops $80,000, rejected at $81,000 after 7-day rally of ~25% driven by short squeeze and ETF inflows
Bitcoin surged past $80,000 for the first time since May, driven by a Treasury buyback announcement that squeezed over $3 billion in shorts, with spot bitcoin E
CoinDesk · +1 outlets
U.S. Treasury widens Iran sanctions to target crypto, gold, shipping and aviation in 'economic D-Day'
Treasury says Ivan Obukhov processed over $100 million in crypto for IRGC-QF oil sales since 2023, zeroing in on digital assets used to support Iran's economy.
The Block · +2 outlets
Strategy raises $2 billion via MSTR share sales, builds $1.6 billion USD cash pool, makes no new bitcoin purchases
The company sold 18.26 million MSTR shares and increased its USD Reserve to $5.1 billion while repurchasing STRC, holding roughly 4% of bitcoin's total supply c
The Block · +2 outlets
Franklin Templeton and HashKey launch tokenized U.S. money market fund in Asia
HashKey launched the Franklin OnChain US Government Liquidity Fund on its Earn channel, marking a push into the fastest-growing segment of digital asset markets
CoinDesk · +2 outlets
Coinbase debuts tokenized stocks on Base network starting with Apple, Nvidia, Meta and Alphabet
The crypto exchange issued tokenized equities under its new Abu Dhabi framework, joining the race to bring traditional stocks onto blockchain networks.
CoinDesk
Tom Lee's Bitmine buys $81 million of ETH in largest weekly haul since early July
Bitmine's total crypto, cash and other investments stand at $14.9 billion and it owns over 4.8% of Ethereum's circulating supply as Tom Lee says ETH's 30% weekl
CoinDesk · +2 outlets
Solana ETFs extend growth streak to 5 days after year's biggest inflows of $33.5 million
Monday's inflow pushed cumulative net inflows to a record $1.22 billion with trading volume at $166.8 million.
CoinDesk · +1 outlets
Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin HKDAP
The London-based bank with $850 billion in assets will distribute Anchorpoint's HKDAP stablecoin to eligible clients and partners.
CoinDesk · +1 outlets
Solana validators vote on proposals to slow new SOL creation and raise daily burns to as much as 9,000 SOL
Two of three proposals would reduce supply growth by speeding up Solana's inflation decline and raising daily fee burns from about 650 SOL, potentially reaching
CoinDesk · +1 outlets
Strive acquires 1,110 bitcoin for $81.5 million, total holdings reach 21,356 BTC
Strive becomes the seventh-largest public company holder of bitcoin as its CEO predicts the strongest cycle ever.
The Block · +1 outlets
Las Vegas businessman Brent Kovar faces 280 years in prison after $24 million crypto fraud conviction
A federal jury convicted Kovar in a cryptocurrency scheme involving at least 400 investors.
The Block
Tether's $120 million Uruguay bitcoin mining project collapsed over power contract dispute: Reuters
UTE cut power to Tether's mining sites in July 2025 after Tether representatives did not attend signing of a revised contract.
The Block · +1 outlets
Stand With Crypto endorses 32 U.S. House incumbents for midterm elections
The crypto advocacy group is ramping up its political influence by backing more than 30 House candidates.
The Block · +2 outlets
DeFi lending protocol Term Finance loses estimated $8.5 million to governance exploit
Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls did not stop the exploit.
The Block · +1 outlets
Bitcoin short squeeze for the ages as futures open interest collapses, funding rates remain subdued
Falling open interest and subdued funding rates suggest the rally remains structurally healthy according to market analysts.
CoinDesk
San Francisco gaming founder convicted of operating fraudulent crypto trading fund faces up to 20 years per count
Dillman faces a maximum penalty of 20 years and a $250,000 fine for each count of conviction according to the DOJ.
The Block
Hyperliquid Policy Center urges SEC and CFTC to harmonize rules for perpetual contracts
The push comes as Hyperliquid's multi-asset perpetuals gain scale and draw scrutiny from traditional exchanges.
The Block · +1 outlets
Blockchain Association backs Treasury's proposed GENIUS Act rules for stablecoin issuers
The group supports limiting client ID requirements to direct issuer-customer transactions in the primary market while calling for clearer definitions.
The Block · +1 outlets

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